3. Field Labor Budget
Nothing is more important to your profitability than managing field labor and so you could argue that nothing is more important than your field labor budget. Here you'll create a plan for the number of staff and hours available to hit your sales goals. You'll also plan for the wages you can afford to spend when hiring staff to ensure you have the right mix of happy, productive staff while also running a profitable, productive company. Pay careful attention to the Field Labor Ratio when done. This number will measure your staff's productivity and can be used to benchmark your company's productivity/efficiency against industry averages.
field labor budget labor burden video Building Your Field Labor Budget
This video will help you create and manage one of the most important budgets - your field labor expenses. Nothing is riskier - or more difficult - than managing labor expenses. Not only will you plan/forecas...
field labor budget labor burden wages budget field labor labour guide GUIDE: Creating Your Field Labor Budget
The purpose of this article is just to give you a quick overview of the field labor tab within your LMN Budget. Field Labor Information Make sure you've added Field Labor Burden % to budget for payroll...
labor burden burden faq How do I calculate my field labor burden %?
Field labor burden refers to the cost of payroll expenses over and above the employee's raw wages. Typically, labor burden would include: Payroll taxes (employer's contributions only) Workers compensation ...
field labor budget wages higher wages snow wages faq What if I pay my staff a higher pay rate for certain kinds of work (e.g. snow + ice)?
The most accurate way to handle this is enter the emploee type twice, once for each type of work with an estimated hours for each type of work. For instance, if I paid my maintenance foreman $16.50/hr for ma...
field labor budget overhead overhead budget field faq What If An Employee Works Both in Field and in Overhead?
This is a fairly simple situation, once you decide how you're going to split their time. You're going to enter the employee in both budgets, but the important part of this problem is deciding how many hours...
subcontractor temp labor temporary help seasonal help field labor faq Is temporary or temp labor field labor or a subcontactor?
Temporary (temp) labor should be considered labor and not a subcontractor. The reason is the markup. Temp labor is priced like labor... you might pay staff $15/hr for their labor, but you'd charge them to ...